Highlight Clip: Jack Dorsey: Bitcoin Fails If It Ends Up Just Digital Gold (Archive Footage) Jack Dorsey: Bitcoin Fails If It Ends Up Just Digital Gold (Archive Footage) In a January 16, 2025 interview published by Abundant Mines, Block founder Jack Dorsey said that nation-state bitcoin reserves are good for the country but not necessarily for bitcoin. He said Bitcoin would be a failure if it ended up being just digital gold, pointing to the white paper, which described peer-to-peer electronic cash. It will succeed, he said, only if people can use it as money in everyday life and transfer funds without asking permission. - Link.